Aspen Bancshares to acquire Valley National Bank of Cortez.ASPEN, Colo.--(BUSINESS WIRE)--Jan. 13, 1995--Aspen Bancshares, Inc. (NASDAQ-NMS: ASBK) announced Friday Friday: see Sabbath; week. Friday young Indian rescued by Crusoe and kept as servant and companion. [Br. Lit.: Robinson Crusoe] See : Servant that it signed a definitive agreement to acquire all the outstanding shares of Val Cor Bancorporation, Inc. for $9 million. Val Cor is the holding company for Valley National Bank of Cortez, Colorado Cortez is a city in Montezuma County, Colorado (USA). The population was 7,977 at the 2000 census. It is the county seat of Montezuma CountyGR6. , with assets of $62 million as of Sept. 30, 1994. Valley National is the largest bank in Cortez. The transaction is subject to regulatory approval and other customary conditions. Aspen Bancshares is the parent company for the Pitkin County Bank and Trust, Aspen's largest bank, and Centennial Savings Bank savings bank, financial institution that, until recently, performed only the following functions: receiving savings deposits of individuals, investing them, and providing a modest return to its depositors in the form of interest. , the largest thrift thrift: see leadwort. located in western Colorado. Total assets were $336.7 million as of Sept. 30, 1994. CONTACT: Aspen Bancshares, Denver
Charles B. Israel, 303/925-6700
or
The Levin Group, New York
Hal Levine/Marty Cohen, 212/682-8875
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